Nifty ends above 9900, Reliance Industries leads

Wipro rallies 8% on Rs. 11000-cr share buyback

The BSE market breadth was bearish with 1,434 declines and 1,284 advances.

New Delhi, July21:Sensex and Nifty were trading on a flat note on Friday, with Reliance Industries Ltd climbing as much as 3.9 percent to a more than 9-1/2-year high after posting strong quarterly results and announcing a low-priced, 4G-enabled phone. Shares of Wipro and Reliance Industries remain in the lead gainers on the benchmark Sensex today. Wipro shares rose 8.17% to a fresh 52-week high of Rs 291.

Meanwhile, foreign portfolio investors (FPIs) and foreign institutional investors (FIIs) bought shares worth Rs 1,956.51 crore during the week, as per Sebi's record including the provisional figure of July 21.

Shares of index heavyweight RIL gained by 3.76 per cent after it announced a 1:1 bonus issue and also launched a new entry-level phone.

Index heavyweight Reliance Industries rose almost 4 per cent after the company reported its highest quarterly consolidated net profit of Rs 9,108 crore for the three months to June on the back of higher petrochemical margins.

US Fines Exxon $2 Million Over Russia Sanctions Breaches
Sechin is the CEO of Russian state oil giant Rosneft and a close ally of Russian President Vladimir Putin . The State Department declined to comment on Tillerson's role, referring all questions to Exxon.

Iran-Origin Maths Wizard Maryam Dies at 40
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Saif Ali Khan's Kaalakaandi Teaser Out Today
In the 37 second teaser, Saif is seen zooming through the dark streets of Mumbai and meeting eccentric characters all along. As we eagerly wait for the trailer to release soon, Kalaakandi has been slated to hit the theatres on September 8, 2017.

Among the S&P BSE sectoral indices Teck rose by 2.77 percent, IT 2.69 percent, Metal 1.88 percent, Bankex 1.36 percent, Oil&gas 1.03 percent and Helathcare 0.92 percent while FMCG fell by 6.56 percent.

Reliance gained 3.7 percent, but its telecom rivals slumped, with Bharti Airtel Ltd ending down 2 percent and Idea Cellular Ltd falling 3.3 percent. The recovery was driven by Reliance Industries, technology and select banks stocks while telecom, infra and healthcare stocks capped the upside.

The stock jumped 6.47 per cent to settle at Rs 286.40 on BSE.

The IT sub-index of NSE, Nifty IT, surged 1.88 per cent as Wipro earnings boosted sentiment for other IT stocks like HCL Tech, which will report its earnings next week.

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